Master 2021/2022

Business Valuation

Type: Elective course (Master in International Management)

Area of studies: Management

Delivered by: Department of Financial Management

Where: Graduate School of Business

When: 2 year, 2 module

Mode of studies: distance learning

Online hours: 16

Open to: students of one campus

Instructors: Vladimir Koptsev

Master’s programme: Международный менеджмент

Language: English

ECTS credits: 4

Contact hours: 16

Course Syllabus

Abstract

The Business Valuation Course is aimed to help students with the vital valuation techniques and principles as well as to see through practical case studies how all of them are applied in the real world deals. Companies and investors continue to face challenges and opportunities. For the last 30 years we see various types of financial crisis, internet, fintech and crypto booms. All these events prove that the core principles of valuation creation are much more important in all circumstances and the stock market itself is not always a good value indicator. At the same time, we are to explore the market trends and investors sentiment and how it should be taken into account in the course of the deal pricing and execution. Valuation is used as a tool to define goals for the Companies, to execute investment strategy and overall provide the business logic framework for stakeholders, financial investors and corporate management. The course explores examples of IPO and M&As transactions to see what features are used subject to market environment, investors’ expectation and final goals. For case studies and different approach considerations we will use both a “helicopter” view to see a deal from shareholders and investment bankers/advisors perspective as well as go deep into business model, calculation details and financial statement. This course is practically oriented – students will see how valuation is used in all possible situations: from an investment project case study, a strategic partnership, M&A till capital raising (private equity or venture), IPO pricing and public company IR activity.